Common use of Group Companies’ Cash Balances Clause in Contracts

Group Companies’ Cash Balances. (i) If the relevant Group Companies’ Cash Balances are less than the Estimated Cash, the Seller shall repay to the Purchaser an amount equal to the deficiency; or (ii) if the relevant Group Companies’ Cash Balances are greater than the Estimated Cash, the Purchaser shall pay to the Seller an additional amount equal to the excess.

Appears in 4 contracts

Samples: Share Purchase Agreement (Brinks Co), Share Purchase Agreement (Brinks Co), Second Share Purchase Agreement (Brinks Co)

AutoNDA by SimpleDocs

Group Companies’ Cash Balances. If: (i) If the relevant Group Companies’ Cash Balances are less than the Estimated Cash, the Seller shall repay to the Purchaser an amount equal to the deficiency; or (ii) if the relevant Group Companies’ Cash Balances are greater than the Estimated Cash, the Purchaser shall pay to the Seller an additional amount equal to the excess.

Appears in 2 contracts

Samples: Share and Business Sale Agreement (Scotts Miracle-Gro Co), Share and Business Sale Agreement (Scotts Miracle-Gro Co)

AutoNDA by SimpleDocs

Group Companies’ Cash Balances. (i) If the relevant Group Companies’ Cash Balances are less than the Estimated Cash, the Seller shall repay to the Purchaser an amount equal to the deficiency; or (ii) if the relevant Group Companies’ Cash Balances are greater than the Estimated Cash, the Purchaser shall pay to the Seller an additional amount equal to the excess.

Appears in 2 contracts

Samples: Share Purchase Agreement (Brinks Co), Share Purchase Agreement (Brinks Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!